SBI opens Cyberabad Administrative Office

Cyberabad module will have four regional business offices with around 180 branches.

Hyderabad: Om Prakash Mishra, Deputy Managing Director, SBI, Local Head Office, Hyderabad, inaugurated SBI’s new Administrative Office, Cyberabad. It is situated in the Local Head Office building at Koti.

Mishra informed that the Hyderabad circle with 1170 branches were hitherto functioning with four administrative offices and FIMM verticle. Now, the circle will have six administrative offices. Each of the module will have branches close to 200.

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Cyberabad apart, Nizamabad is also an administrative unit. The other four existing administrative offices are Hyderabad, Secunderabad, Warangal and Nalgonda.

Cyberabad module will have four regional business offices with around 180 branches. It has a as a total business of Rs 56000 crore as on date. It will also have five credit processing cells at Madhapur, Kukatpally, Kompally, Zaheerabad and Sangareddy.

Mishra emphasized on the need to focus on micro markets and on increasing the availability of the bank services and products.

Top officials Jogesh Chandra Sahu, Krishan Sharma and Shri Ram Singh and others were present, said a press release.

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